Shreveport officials: GM plant being sold

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News,Business

SHREVEPORT, La. (AP) — Shreveport and Caddo Parish officials say the former General Motors assembly plant has a buyer that plans thousands of vehicle assembly jobs with good pay.

Assistant Parish Administrator Randy Lucky says the buyer expects to bring 1,500 jobs by the end of the second quarter and 3,000 within four years, with assembly line workers getting about $37.50 an hour.

A news conference with details is scheduled Thursday. The first word of a buyer came at Wednesday's Caddo Parish Commission work session.

Lucky and Caddo Parish Administrator Woody Wilson say it's a U.S. company that plans to make vehicles. Lucky says it is not Ford, GM or Chrysler, and is not affiliated with a union.

The plant has been closed since late August.

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